Norway: Pumps For Liquids Market 2025

Pumps For Liquids Market Size in Norway

The Norwegian pumps for liquids market contracted to $X in 2022, with a decrease of -13% against the previous year. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Pumps For Liquids Production in Norway

In value terms, pumps for liquids production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 226% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Pumps For Liquids Exports

Exports from Norway

In 2022, the amount of pumps for liquids exported from Norway skyrocketed to X units, rising by 95% on the year before. Over the period under review, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pumps for liquids exports declined to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for pumps for liquids exports from Norway, accounting for a 44% share of total exports. Moreover, pumps for liquids exports to the United Arab Emirates exceeded the volume sent to the second major destination, Denmark (X units), fivefold. Vietnam (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +88.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+22.7% per year) and Vietnam (+40.6% per year).

In value terms, South Korea ($X), China ($X) and Japan ($X) were the largest markets for pumps for liquids exported from Norway worldwide, together comprising 71% of total exports. Vietnam, the United Arab Emirates, Australia, Denmark, the Netherlands, Portugal, Poland, Switzerland, Iceland and Sweden lagged somewhat behind, together accounting for a further 20%.

Portugal, with a CAGR of +239.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pumps for liquids export price amounted to $X per unit, waning by -54.7% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps For Liquids Imports

Imports into Norway

In 2022, the amount of pumps for liquids imported into Norway dropped to X units, falling by -11.2% compared with 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.5% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pumps for liquids imports reached $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and South Korea (X units) were the main suppliers of pumps for liquids imports to Norway, with a combined 54% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +76.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pumps for liquids to Norway, comprising 29% of total imports. The second position in the ranking was held by Sweden ($X), with a 14% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+12.0% per year) and Italy (+12.4% per year).

Import Prices by Country

In 2022, the average pumps for liquids import price amounted to $X per unit, rising by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform